According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “
BEST has been the subject of several other reports. KeyCorp decreased their price objective on BEST from $8.00 to $7.00 and set an overweight rating for the company in a report on Wednesday, May 15th. Sanford C. Bernstein downgraded BEST from an outperform rating to a market perform rating and decreased their price objective for the company from $11.00 to $6.00 in a report on Tuesday, April 23rd.
BEST (NYSE:BEST) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. BEST had a negative return on equity of 8.27% and a negative net margin of 1.04%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, equities research analysts predict that BEST will post 0.03 EPS for the current year.
BEST Company Profile
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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